Rarely in business does one come across a decision that doesn’t require some gut instinct and practical wisdom. However, such a decsion could be costly if not based on past business performance and current industry trends.
Predictive analytics works this way: Statistical information — like consumer spending, merchandise sales, machine performance, eating and drinking habits — is gathered by human input or by technical monitoring and then sent to a database where it’s sorted and analyzed under specific guidelines to reach a conclusion.
One of the well-known uses of predictive analytics is credit scoring — data models processing a consumer’s credit history with the idea of predicting if they’ll be able to make future payments.
TrnsAcc offers a wide rang of predictive analytics that would help you reach your goals by descovering the strengths and weaknesses of your business model
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